Winner of the 2014 Khyenste Foundation Translation Prize. Nagarjuna's renowned twenty-seven-chapter Fundamental Verses on the Middle Way (Mulamadhyamakakarika) is the foundational text of the Madhyamaka school of Mahayana Buddhist philosophy. It is the definitive, touchstone presentation of the doctrine of emptiness. Professors Siderits and Katsura prepared this translation using the four surviving Indian commentaries in an attempt to reconstruct an interpretation of its enigmatic verses that adheres as closely as possible to that of its earliest proponents. Each verse is accompanied by concise, lively exposition by the authors conveying the explanations of the Indian commentators. The result is a translation that balances the demands for fidelity and accessibility.